The troubled Australian electric vehicle fast charging company Tritium has collapsed after its directors declared it to be insolvent, voluntary administrators were appointed and its lenders called in receivers.
The spectacular collapse of a Brisbane-based start-up that managed to grab a major share of the global EV fast charging market and was once valued at $2 billion will come as a shock to the industry, and a potential embarassment for a government seeking to encourage “Made in Australia” clean energy manufacturers.
In a a statement issued overnight to the Nasdaq stock exchange in New York, where it has been struggling to retain its listing because of a collapsing share price, the company said Tritium DCFC and three of its…
